On May 7, 2025, Metaplanet Inc. acquired an additional 555 Bitcoins, utilizing $25 million raised through zero-coupon bonds issued to EVO FUND. The entire raised capital was directed towards purchasing Bitcoin, totaling approximately $53.4 million at an average price of $96,134 per coin. This acquisition has resulted in a 136.7% year-to-date BTC yield for the … Read more
Despite the $1.4 billion lost in the recent Bybit hack, crypto companies have not changed their approach to cybersecurity, according to Hacken CEO Dyma Budorin. In an interview with Cointelegraph at the Token2049 event in Dubai, Budorin said the industry continues to rely on limited measures such as bug bounties and penetration tests, rather than … Read more
The bank’s analysis says that BNB trades like “an unweighted index” of bitcoin and ether “in terms of both returns and volatility.” Standard Chartered Forecasts BNB to Hit $2,800 Within Four Years Standard Chartered Bank, the $800-billion financial institution headquartered in London, England, published a research report on Tuesday predicting that BNB, the cryptocurrency powering … Read more
Key Takeaways: The SEC has officially dropped its case against Ripple Labs after four years, signaling a major shift. Ripple CLO Stuart Alderoty accuses the SEC of inconsistent enforcement and lacking clear crypto regulation. Alderoty calls on the United States to adopt clear, intelligent rules to safeguard consumers and foster creativity. The long-running SEC-Ripple Labs … Read more
A historic step was taken in the United States: New Hampshire became the first state to legislate the “Strategic Bitcoin Reserve” (SBR) model, adopting the first law that allows the use of digital assets at the state treasury level. The state enacted the bill, HB 302, with the governor’s signature. Under the new law, state … Read more
Tether has deployed its flagship stablecoin, USD₮, on the Kaia blockchain as part of a broader collaboration with Line Next, the Web3 arm of Line, Japan’s popular messaging platform with over 196 million monthly active users. The integration means USD₮ (USDT) will now be supported across Line’s messenger-based Mini DApp ecosystem and self-custodial wallet, enabling … Read more
Key Points: Binance lists Polyhedra Network; offers a ZKJ airdrop for eligible users. Airdrop targets active users with specific criteria. Increases participation in Binance Alpha with regional compliance. Binance announced on May 7 that Polyhedra Network (ZKJ) is now listed on Binance Alpha, with a new airdrop for qualifying users. The airdrop is designed to … Read more
Key points: Bitcoin and gold trade in lockstep on low timeframes as macro volatility triggers heighten. The Federal Reserve interest rate decision and press conference is just hours away. Market sentiment for rate cuts in 2025 decreases sharply ahead of the FOMC meeting. Bitcoin (BTC) saw a flash short-term trend change into May 7 as … Read more
Leadership transition and new organizational structure reinforce commitment to core technology and enhanced governance SAN FRANCISCO, May 7, 2025 /PRNewswire/ — Movement Labs, a Web3 company and core contributor of the Movement Network, today announced the establishment of Move Industries by two Movement employees. The newly formed Move Industries has been established to ensure a … Read more
Thrive Capital, a venture capital firm backed by OpenAI, has led a significant $900 million funding round for Anysphere raising its valuation to approximately $9 billion. Anysphere’s Valuation Rises More Than Threefold Venture capital firm Thrive Capital recently led a massive $900 million funding round for Anysphere, the creator of the rapidly expanding artificial intelligence … Read more